Centurion Bank of Punjab Blog

Unofficial Centurion Bank of Punjab Blog. The information provided in this blog may or may not be correct.

Monday, October 15, 2007

Centurion Bank of Punjab allots shares on conversion of warrants

Centurion Bank of Punjab Ltd has informed the BSE that the Securities Transfer, Allotment and Grievance Redressal Committee of the Board at a meeting on October 9 allotted 5,08,000 equity shares on conversion of warrants.

The warrants were issued in terms of the Scheme of Arrangement among Bank Muscat SAOG, the Bank of Punjab Ltd (formerly known as Centurion Bank Ltd) and shareholders of Centurion Bank of Punjab Ltd pursuant to Sections 391 to 394 of the Companies Act, 19 56, which was duly approved by the shareholders, the High Courts of Mumbai (Goa Bench) and Karnataka as well as by the Reserve Bank of India.